Why Hire Richland Hills Property Management

North Richland Hills is a gorgeous, high-end suburb of Fort Worth filled with quaint coffee shops and plenty of green parks. Just a quick drive to downtown Fort Worth, North Richland Hills is home to many families and young professionals. It was described as one of the best places to live in Texas with highly-rated public schools and a coveted suburban feel. Our team at Specialized Property Management in Fort Worth are local experts on the Fort Worth area, including North Richland Hills. We’ll help you discover what this city has to offer and why it may be the perfect place for your next real estate investment. Already invested? Keep reading to see how property management in Fort Worth can help you make the most of your investment and gain the highest profit. 

Things to Do in North Richland Hills

You and your family will never run out of things to do in this beautiful city with so many activities available and sights to see from water parks to museums, and more. There is truly something for everyone in and around this family-friendly place. Once you’ve invested in the area, a Richland Hills property management company like Specialized Fort Worth can market your property for you, highlighting all the wonderful aspects of North Richland Hills to reliable applicants. Just some of the main attractions you won’t want to miss out on are: 

  • NRH20 Water Park – 17 acres of water-filled fun, including water slides, lagoons, rivers, and splash pads for all ages. 
  • ITz Euless – You won’t want to go anywhere else on a weekend because the games, bowling, bumper cars, laser tag and more are here.
  • Stockyards Station – You’ll feel like a true Texan with all the cowboy and cowgirl activities like pony rides, horseback riding, and a petting zoo. 
  • River Legacy Living Science Center – Try not to get lost in this huge nature center that includes trails, aquariums, and interactive exhibits. 
  • Planetarium at UT Arlington – Live stargazing is just one of the amazing programs offered here. 
  • Fort Worth Botanical Gardens – This family-friendly area has gardens that full of plants, flowers, and beautiful botany to admire and interact with. 
  • Summit Rock Climbing – Enroll in private or group lessons and learn how to boulder or rock climb, or just come have fun climbing with the family. 
  • Fort Worth Zoo –The oldest zoo in the state, we have all the animals, exhibits, and learning opportunities a kid could want. 

Investing in North Richland Hills Property

This city is the perfect place to own and manage a rental home because it’s a short 30-minute drive to Dallas and only 13 minutes to downtown Fort Worth. The reason it’s so popular right now among families and young professionals is that it’s truly the perfect location, allowing you to live outside the city while easily being able to go downtown for work or pleasure anytime you please. If you’ve been looking to buy a home as a rental investment, you’ve probably been searching on websites similar to Zillow to find the best rental properties. This tactic, along with reaching out to property management in Fort Worth that can help you narrow down your search are great ways to see what’s out there. Recently, Zillow reported data that said the average rents all across the country are at an all-time high of 29.1% of a tenant’s income. Just a couple of decades ago, rent was only 25.8% of a tenant’s monthly income. Some places are higher and some lower, but in the North Richland Hills area, rent matches the national average of about 30% of a tenant’s income. This means that the time to invest is now. Most people who are in the real estate market, especially millennials, would rather rent than buy regardless of the cost of rent and they’re willing to put 30% of their monthly income into their rent payment. This means a lower chance of vacancies for you and a higher chance of steady cash flow. 

Rental Rates in North Richland Hills 

It can be difficult to decide on a price to charge for rent since rental rates range from city to city, and even within one place they can range a lot, depending on things like location, unit quality, and amenities. Let the experts at Specialized Property Management in Fort Worth be the ones to advise you on what rents are going for, how much tenants are willing to pay, and how your particular property compares. According to RentCafe, in North Richland Hills, rental rates range from about $700-$1500 per month, with the average rent rate right at $1110 per month. This is lower than the average rental rates in Dallas, Fort Worth, Keller, Euless, and Austin and significantly lower than the average national rental rate. This is another reason why North Richland Hills is an ideal investment location. Not only is it a great spot to live location-wise, there is also plenty to do and see, and it’s also affordable for families and young professionals that want to live there. With the current seller’s market, rise in millennials wanting to rent, Fort Worth job growth, and low interest rates, North Richland Hills is one of the best markets for real estate investment. 

Why Hire a Richland Hills Property Management Company

When thinking about investing in real estate, consider the benefits of hiring a property management company to help you protect and make the most of your investment. With rents rising along both the East and West coast, many people are relocating to the Fort Worth area and looking for affordable homes to rent. That’s another reason why investing in property in North Richland Hills is the way to go. But how will you market your property? And how will you know which tenants to trust? Hiring a Richland Hills property management company like Specialized Fort Worth is what you’ll need to ensure that you have a team of professionals ready and willing to help you in all aspects of owning and renting out your property. We’ll help you set a competitive, yet fair, rental rate for tenants, screen them effectively, conduct virtual showings, and more.

“Specialized Property Management’s reporting and accountability are excellent. I have been impressed with the courteous, professional and efficient manner in which the affairs of my properties have been conducted. I recommend Specialized as an agent for handling rental properties.”  – William M., owner

Why Choose SPecialized Property Management in Fort Worth

With Specialized Property Management, you’ll save time, stress, and money. We take care of the daily ins and outs of owning a property and being a landlord so you don’t have to do it. We provide local insights into market trends and tenant needs to help you purchase the right property. We also know how to prepare your place so it has ‘curb appeal.’ Once we attract a pool of well-qualified applicants, we screen them like no other. You get the best of the best tenants with the highest potential and lowest risk. We collect the rent, take tenant phone calls at 2 a.m. in the morning, and ensure your property gets regular inspections and maintenance. You watch it all from the comfort of your home or office on our 24/7 owner portal where we post pictures, updates, and messages so all you have to do is breathe easy. 

Fort Worth Property Management Process
  • Higher Customer Satisfaction: To be honest, property managers have a lot of people to keep happy in addition to the landlord. Think about the tenants, the neighborhood, the HOA, the community, and the city, county, state, and federal government just to name a few. We discovered the best way to meet your needs is to meet everyone else’s as well. So we provide excellent customer service to everyone on your contact list so you reap the financial rewards of happy tenants, neighbors, and government agencies.
  • Unsurpassed Experience in Richland Hills Property Management: Companies like Specialized Property Management know property management. North Richland Hills-style property management, however, is perhaps a better way of putting it. We live here and work here too, so we know the school districts, the shopping and entertainment options, the public transportation systems, and preferred public spaces. We know the rental markets and study tenant behavior and trends. And we know how to advertise your property to North Richland Hills renters, so they’ll respond.
  • Better Tenant Selection: Not all tenants are created equally. The goal is to find those who have the highest potential to pay with the least amount of concerns about past behavior that may cause problems for you in the future. Our rigorous background check and screening process do the trick.
  • Shorter Vacancies: Don’t panic. We have a plan to shorten the length of vacancies in your rental. We advertise aggressively and strategically, respond quickly to applicants, show your property at convenient times, and streamline the screening process so the most qualified applicant can sign the lease as quickly as possible.
  • Cost-Effective Maintenance: These two words may seem to contradict each other. Can maintenance ever be cost-effective? If you partner with Specialized Fort Worth Property Management, then the answer is yes. We negotiate discounts on parts and labor then pass on the savings to you. That’s one of the many benefits of professional property management. North Richland Hills landlords also appreciate our routine maintenance plans and inspection schedules.

Join the thousands of satisfied property management owners who trust the experts at Specialized Property Management in Fort Worth. While it is possible to make a profit with your rental properties on your own, you are most likely going to make more of a profit when you have a Richland Hills property management company working for you. Why? These people are experts in the field of real estate and know how to make rental properties perform best. When you own rental properties and try to take the place of professional property management in Fort Worth, you are risking your business’s financial security. A great property management company that you can rely on is easily the best thing you can have when you invest in real estate. As you begin your research, you’ll see that there are many options out there. Depend on Specialized Property Management, who offer all of the services described above and have a 98% customer satisfaction rate. We can help you with any rental property ownership task. We’re confident that we can help you decrease the stress in your life, save time and money, and increase your passive income. Contact Specialized Property Management today and learn how to get started. 

Advantages of Using a Property Management Company’s Technology

If you’re reading this article, you’re probably doing so from your computer, phone, or tablet, and out of those three devices, two are most likely nearby, within reach, if not all of them. Technology has developed and improved at a rapid pace in the last decade and continues to get better. Meanwhile, people rely on technology more and more every day, using apps for everything from alarm clocks to international conferences and letting the internet dictate where they eat, how they travel, and where their attention goes at any given moment during the day. 

According to the Pew Research Center, “Smartphone ownership is especially high among younger Americans, as well as those with relatively high income and education levels.” 

When you invest in and own a property, it’s important that you hire a Specialized Fort Worth property manager that understands how to market to a tech-driven world and use technology to help you be more efficient, effective, and profitable. Continue reading to learn about the advantages of using a property management company and the ways that Specialized Fort Worth Property Management uses technology and its various methods of communication to help property owners like you succeed.

Communication Through Technology

Every good relationship has to have good communication for it to work properly, and the same goes for tenant-owner relationships as well as owner-property manager and tenant-property manager relationships. The best way to go about it is to set clear expectations and boundaries from the start. Knowing whether you should email, text, or talk in person is something you or your Fort Worth property manager should discuss with your tenant before they even sign their lease. Specialized Fort Worth Property Management can advise you on how to properly execute your meaning through various forms of communication. 

Communicating Through Email

Good communication can be the difference between an effective tenant-owner relationship and a non-effective one. Though there are a variety of quick and easy ways to let your tenant know about an issue or vice versa, everyone has their personal preference. The Radicati Group discovered that 86% of professionals put email as their favorite way to communicate. In fact, there are 3.7 billion email accounts worldwide, and 269 billion emails sent per day. Email is quick, straightforward, and easy to revise before sending. It’s also a great way to send attachments and keep a record of communication back and forth between you and your tenants. Just remember to ask tenants if they prefer email, texting, phone calls, social media messaging, or something else and set expectations for when you will be giving them notice of a property inspection, visit, or repair. 

Let them know that there may be certain times that you won’t be reachable, but your Fort Worth property manager will be, and through which methods of communication. Keep subject matters as professional as possible and respect your tenant’s privacy. Once clear expectations are met, you should be able to communicate effectively and efficiently, all while using technology to your advantage. The advantage of using a property management company like Specialized Fort Worth is that we will set expectations and be available to communicate clearly with tenants 24/7. It will be our job, not yours, to handle everything tenant related and we’ll be in charge of deciding, with your tenants, the what, when, how, and why’s of communication.

Communicating Through Texting

If your tenant tells you or your Fort Worth property manager that they prefer texting over email, which is very likely in today’s smart-phone driven world, you may be excited – it’s the fastest and easiest way to get your message to someone. Or, it might make you nervous. Texting can create misinterpreted meanings and feel casual and unprofessional. 

Some of the pros of texting your tenants are: 

  • Texting is very convenient. You can text wherever and whenever you want, and you don’t have to worry about background noise.
  • It’s extremely quick.
  • You don’t have to spend time on small talk; you can be straightforward
  • You can answer texts on your own time. If your tenant sends an angry text, you can think about your response and be professional when you’re ready

And some of the cons of texting your tenants include: 

  • Texting eliminates the tone of voice and certain messages can be misread.
  • Text messages can be easily lost or deleted. 
  • Some people don’t use their phone all the time and may not see your message until it’s too late.
  • There is no Federal Rule of Evidence that specifically states that a text is acceptable as evidence in court. While Rule 1001 says that a “‘writing’ consists of letters, words, numbers, or their equivalent set down in any form,” a judge can interpret that in any way that they want to. If you’re involved in an eviction case, and the only proof you have of written communication between you and your tenant is text messages, you might find yourself out of luck.

You or your Fort Worth property manager should include a section of the lease agreement where the tenant can acknowledge that they give permission for you to text them and vice versa. In this section, be clear about what kinds of information you’ll be texting and include what kind of information the tenant may text to you. 

Communicating the Old Fashioned Way

Some people believe that because technology is everywhere, it can be a sign of both professionalism and sincerity to send a handwritten note. It’s a great way to send a welcome letter or a thank you note, and most people consider it both a kind and professional gesture. Keep in mind that written notices, which are usually typed up letters sent by mail, are another way to communicate more serious matters. In some cases, written notices are the only way to communicate in order to protect yourself and your investment property. For example, if there is a case of a late rent payment, eviction, or notifications of move out dates and times, a written notice is necessary. The best Fort Worth property managers know that keeping all records of your communication with tenants in a safe location is crucial to your success as an owner.

Online Portals

Specialized Fort Worth property managers believe in making things simple and easy for owners and tenants. That’s why our website has an owner portal and a tenant portal where things like rent collection, rent payment, online applications, tenant screening, maintenance requests, and more can take place in an efficient and effective way. Our online portal makes life easier for everyone; saving you, your tenants, and us time, money, and stress. Our technology-driven processes are not just one of the advantages of using a property management company, it’s what sets Specialized Property Management apart from the rest. 

Electronic Showings

Specialized Fort Worth property managers understand how seriously harmful vacancies can be to your business. That’s why we have worked hard to ensure that we do everything we can to avoid vacancies and effectively market your property for you. One way we do that is through electronic showings, or virtual walk-throughs. Instead of spending days trying to schedule a time for tenants to meet with an agent and then losing the interest of tenants because of the hassle, we have come up with a solution that will help increase your bottom line through fewer vacancies. Our process goes like this: 

  1. An applicant sees your property listed online and wants to view it.
  2. The applicant completes an online request and provides a credit card as a security measure.
  3. A Specialized Fort Worth property manager prescreens the applicant and provides a code to access the property during a short, predetermined time. 

If the applicant just wants to view your property online, we offer virtual tours as well. Either way, we are ensuring that prospective tenants don’t lose interest just because it’s too long of a process to see your property. Every applicant is a potential tenant, and the more information we can provide them with right away, the more likely they will be to turn into actual tenants who are paying rent and creating steady income for you. 

The Advantages of Using a Property Management Company

Specialized Fort Worth Property Management is considered one of the best property management companies in Fort Worth because we have over 30 years of knowledge and experience to help your investment succeed, as well as the technological processes outlined above. When communicating with your tenant, remember:

  • To set clear expectations at lease signing for acceptable means of communication 
  • Keep texts and emails straightforward and professional
  • Draw up necessary written documents and save them in a safe place
  • Sometimes a face-to-face conversation is necessary and important

Let our team of experts at Specialized Fort Worth be the ones to handle all of the important aspects of managing your property with our technology-driven systems. We’ll communicate clearly and professionally with tenants and make showing properties, screening tenants, and collecting rent a breeze with our proven processes. You’ll no longer have to worry about unnecessary vacancies with Specialized Fort Worth property managers in your corner. Contact us today to learn more about what we can offer you.

Advantages of Using Fort Worth Real Estate Management

There’s a common real estate misconception that properties are easy to manage among those who have never tried it. Those who have tried it know that the opposite is true. Owning any type of property is a lot of work, but a rental property is all that work and then some. Trying to do it all on your own is unwise, especially if you’re new to the game. Relying on one-man operations and local mom-and-pop property managers may save you money in the beginning, but they most likely don’t offer expertise in every area of management (even if they claim as much) and can end up costing you more money in the long run than a professional team of Fort Worth real estate management like Specialized Property Management offers. 

We understand that renting out a property, and doing it correctly, takes a team of experts in every area from marketing and tenant screening to collecting rent and complying with legal laws. It’s your decision how much your time is worth, but when you think about the amount of money and time you’ll save in the long run by investing upfront with a property management company you can rely on, you’ll realize that trusting Specialized Fort Worth Property Management is the wise choice. We’ve listed all the services offered at Fort Worth Property Management, and how they can help you live the dream of enjoying your ROI without the management headaches.  

Reducing and Avoiding Vacancies

The last thing you should be worrying about when you own a rental property is vacancies. When no one is occupying your unit, you’re losing money, which means you have to stress about how to market your property and find new tenants fast. This can lead to accepting any willing tenant and causing problems later on because of insufficient screening. Our Specialized Fort Worth real estate management company can reduce vacancies and save you money by managing tenants in a professional way, collecting rent consistently and efficiently, and always marketing your property using the best marketing techniques to keep new, reliable tenants on the horizon and ready to move in at a moment’s notice. 

Selecting and Enforcing the Best Rental Rates

Most property owners want to charge enough to cover their expenses plus make a profit, but aren’t sure what’s marketable for the area. Our property management company will assess the area and see what current rental rates are. We’ll also compare with the quality and location of your property and set the best rental rate to ensure your costs are covered, tenants are happy, and you’re not exceeding any rental rate limits for the area. The right price will increase the marketability of your property, help make you more money on a consistent basis, and attract the right tenants. 

Tenant Selection

Specialized Property Management is the rare Fort Worth real estate management company that will make sure to screen each and every tenant so that you don’t have to worry about unreliable income or disrespectful neighbors. We screen potential tenants by performing background checks, calling references, checking their credit and income, and requiring a thorough questionnaire. The best tenants will pay their rent on time, keep your property clean, and renew their contract year after year. We target those people through our marketing techniques and setting the optimal rental rate for the area. 

Dealing with Tenants

The number one reason you should trust our property management company rather than try to do it all yourself? You don’t have the time or energy to deal with tenants or their 1am phone calls. We have an entire team dedicated to handling all your tenants’ needs efficiently and effectively, in a way that makes them happy and doesn’t take up your time or interfere with your schedule. We’ll answer their phone calls and complaints in a timely manner, scheduling high quality maintenance from reliable vendors when needed as soon as possible. 

Marketing

If you want to fill vacancies, you’ve got to be ahead of the game when it comes to advertising. Our team includes marketing experts who will advertise aggressively and generate lots of interested callers. Don’t block your own cash flow and slow down the process by trying to do it all yourself. We’ll meet with potential tenants, perform walk-throughs, and mediate the relationships between tenants and neighbors while you focus on spending your time however you want to. At Specialized Fort Worth real estate management, we now offer the time saving tool of electronic showings. We understand that some people don’t have the time or patience to coordinate a walk-through with one of our team members and we don’t want to lose their business because of a scheduling conflict. That’s why we allow them to view your property on their own time through access to a lockbox after they’ve been screened and had their identity verified for security purposes. This process helps speed up the process, reducing vacancies and establishing trust with your future tenant. 

The Office Work

The paperwork alone of owning a rental property is a headache. Let us take care of administrative office management record keeping, preparing reports, accounting, contracting maintenance, creating budgets, and writing lease agreements. All of this paperwork is time-consuming and easy to make simple mistakes on. Our team of Fort Worth real estate management professionals will stay on top of everything for you, keeping the office part of management organized and mistake-free. Trying to do all these tasks on your own can be time-consuming and lead to the loss of potential tenants or legal issues due to mere disorganization or procrastination. 

The School Work 

If your unit is in a HomeOwners’ Association community, you may be required to attend classes or meetings for your property. These classes help you stay up to date on rental laws, tax information, and the latest approaches to property management. Your representation will be desired and possibly mandated at community meetings, local board meetings, and property investment meetings. Save yourself the time and hassle by hiring our team of experts at Specialized Fort Worth real estate management. We are experts on the topics you’ll learn about in those classes and if need be, we can represent your property for you at meetings. 

Collecting and Depositing Rent 

“My check is still in the mail” sound familiar? Every day that you sit around waiting for a check to arrive or for rent to come through, you’re losing money. We’ve created systems like online payment options and a 24/7 online tenant portal to make sure that rent is collected quickly and in turn, deposited to you right away. Our effective tenant screening system combined with our smooth rent collection process makes payday something you can finally rely on from your property.

Cost-effective Maintenance and Vendors

One of the hardest parts about trying to manage your own company is finding maintenance specialists, contractors, cleaning services, landscapers, and other vendors on whom you can rely. These kinds of businesses are known for being hard to find and even harder to form a long-term relationship with. Most Fort Worth real estate management companies won’t take the time to find quality vendors, costing you more money when one doesn’t show up to a job or perform a task correctly and efficiently. Because we are a reliable source of income for these types of companies, we’ve collected a list of vendors that we know we can trust to not only perform high-quality work, but to show up, be on time, and charge fair rates. 

Meeting and Addressing Legal Issues

There are so many codes and laws on both the local, state, and federal levels and keeping track of them plus the constant changes is exhausting. That’s why you should trust our experts who know exactly what the laws are and will update you as they change. We can protect you from making any mistakes that you may unknowingly commit which could lead to costly fines. Work with us and we’ll make sure that you’re in compliance with fair housing rules, discrimination laws, and property laws on every level. We also offer legal services as needed.  

Fort Worth Real Estate Management 

Being wise about your property investment means setting realistic expectations. Owning a property itself is time-consuming and labor-intensive. Renting it out to tenants is even more so. Turn over all the stress and hassle of the management duties to our team of experienced professionals at Specialized Fort Worth real estate management company to avoid common mistakes made by Fort Worth property managers, and enjoy your free time while the rent payments roll in each month. 

When you actually crunch the numbers, you’ll see that the time and money you save by delegating each of these tasks to our team of professionals who work together to manage every sector for you is undeniable. With over 30 years in the business, the knowledge and expertise we have at Specialized Property Management is worth the investment. We are one of the industry leaders in Fort Worth real estate management because of our proven systems. Trust us with your property for complete peace of mind. Give us a call today to find out more about how we can help with your properties and increase your return on investment.

The Advantages of Fort Worth Rental Property Management

Property owners think about the homes they own as a business investment. So focused on the possible profit and benefits of owning a home and renting it out, they often lose sight of the potential risks involved. Every investment that promises reward comes with its own risk. That’s why it’s important to beware of the potential for things to get scary. This Halloween, don’t let spooky mishaps and haunting management mistakes get in the way of your fun. Take advantage of your local Fort Worth rental property management. At Specialized Fort Worth, we handle every issue for you so you don’t have to worry and your investment stays protected. 

Scary Landlord Stories are Everywhere

As soon as you decided to invest in real estate, you probably heard all the ghoulish tales. “My tenant completely destroyed my home” or “I didn’t know about the local regulations and was unexpectedly fined!” Or perhaps you’ve fallen prey to your own scary stories with your experiences as a tenant, facing awkward encounters with your landlord and not getting the maintenance your home needed right away. These stories are well known in the real estate industry and one of the big reasons why many hesitate to invest. Some, though they’ve heard the stories time and again, are sure that these nightmares won’t happen to them and don’t take advantage of necessary Fort Worth property management services. Be prepared this Halloween by becoming informed on all the reasons why property management companies, especially Specialized Fort Worth, can protect you. Very first on the list of things not to do when you get started as a property owner is to assume that you’ve got it all figured out. 

The Advantages of a Fort Worth Rental Property Management Company

Property owners who think they know the ins and outs of real estate, even if they have done their research, are most likely still missing a few things. It takes years and years of experience managing properties and being on top of the constantly changing local and federal housing laws and regulations to really understand the Fort Worth rental property management cycle and the complexities that go along with the business. Certificates and qualifications are required of property managers in some states and small mishaps can lead to costly fines. At Specialized Fort Worth, our extremely experienced team of experts have all of these qualifications, with references and raving reviews to back us up (not to mention a diverse clientele all across the nation). Trusting us with your property can protect you from the horrors of realizing that you don’t have the experience, qualifications, know-how, or time to self-manage your property. 

Save Time and Money 

Making money is one of the greatest benefits to owning a rental property and can easily become the focus of your endeavors. Wanting to make money can lead to the mistake of not spending it where you should. Many people think of Fort Worth rental property management as a luxury that they don’t need, when in fact, taking advantage of Specialized Fort Worth’s property management services will save you money in the long run. Trying to self manage your property will cost you a lot more time than you think. Taking time away from another job to handle emergency maintenance calls, tenant complaints, or keeping up with all the codes and laws costs money. Every minute of your time is worth something, and if you could be spending that time focusing on what’s most important while letting your trusted property management company handle the little details, you could be saving money. Consider how much time you spend self managing your property and compare it with how much hiring a Fort Worth rental property management company would cost and you’ll quickly discover that it’s worth it.  

What the Wrong Tenant Could Cost You 

Tenants paying their rent on time vs. those who don’t can be the difference in how successful you are as a property owner. Those who consistently pay their rent provide you with steady income, meaning that finding tenants who are responsible and financially able is crucial to your future financial success. It’s easy to hope and assume that every tenant will be reliable and your rapid success will quickly ensue, but it’s just not the case. The reality is that many landlords don’t take their time finding a tenant they can trust because they’re in a hurry to get their property occupied and start making money. Tenants are also more able than ever before to falsify documents or appear more creditworthy than they are, just by using widely available technology. Specialized Fort Worth’s property management services include a thorough screening process that identifies these issues and saves you from the terror of not getting paid consistently and potentially dealing with dreadful eviction issues. When a tenant fails to pay, you quickly lose profits. For example:

  • Tenant failing to pay rent for one month: $1,500
  • Tenant staying throughout the eviction process: $750
  • Repairing damage to your home: $1750
  • Solving eviction through court: $1,000
  • Re-marketing your home and finding a new tenant: $2,250

As you can see, the out of pocket costs for you can total over $7000 just because your tenant wasn’t screened properly or falsified information without you detecting it. When compared to the monthly fee for Fort Worth rental property management, homeowners save money by hiring Specialized Fort Worth to perform the tenant screening process and find the tenants who are most likely to pay their rent on time and consistently as well as continue their contract, decreasing your overall vacancies. 

What’s Your Price for Peace of Mind? 

Property owner responsibilities can mess with your head and personal life, taking up your physical time as well as your mental energy. Only you can determine the price of your personal peace of mind, but consider how much of yourself you really want to devote to your property. Hiring Specialized Fort Worth’s property management services can give you back your peace of mind by taking on the daily hassles and stresses that become mental burdens. Your personal comfort and convenience are free when you consider what Specialized Fort Worth can save you in vacancy costs, property maintenance, tenant duties, legal fees, and more. Some examples of common renter complaints we can handle for you are: 

  •      “I want my security deposit. Now!”
  •      “Fix this. Now!”
  •      “It’s still broken.”
  •      “My neighbors are so _____!”
  •      “The internet is slow!”
  •      “I’ve already called you 20 times!”
  •      “You expect me to pay the utilities?”

With Specialized Fort Worth rental property management, you no longer have to occupy your time answering complaints and questions. We take care of everything for you and do it right the first time to help you avoid costly fees from little mistakes. If you’re not sure where your responsibilities as a property owner end and ours as a property management company begin, we’ll let you know. We believe in being transparent and communicating openly and often to make sure that we are on the same page and managing your property in the most effective way possible. 

Prepare for the Worst

Though we all go into any investment with certain expectations and hopes for a high reward, it’s safer to expect the worst and be right or pleasantly surprised. With over 30 years of experience in the property management industry, Specialized Fort Worth rental property management knows that the worst will happen, and we won’t be surprised when it does. Our proven systems and expertise will prevent most of the negative experiences and help solve any unexpected ones. When you partner with us, you protect your investment and don’t have to worry about any scary surprised. Specialized Fort Worth property management services include: 

  • Finding and screening reliable tenants
  • Showing and leasing your property
  • Performing maintenance and regular inspections
  • Corresponding with tenants and collecting rent 
  • Ensuring curb appeal and managing marketing
  • Staying up to date on rental and leasing laws and regulations
  • Communicating weekly updates during the leasing process 
  • Providing detailed monthly reports and year-end tax statements 

Specialized Fort Worth Property Management Services

With our list of services, the advantages are obvious. Spending money on a property management company now will be worth it in the end. You’ll start seeing the peace of mind benefits right away and soon after, realize how much money you are starting to save, just by trusting the experts with your property. Rather than try to do it all on your own, let Specialized Fort Worth rental property management take care of the details and get it right the first time. We believe that truly professional management should actually shield owners from the common stresses of rental property ownership, and that you should never have to settle for less. That’s why we back our service with THE SEVEN SPECIALIZED GUARANTEES—seven serious commitments we stand by so our clients enjoy greater peace of mind that no one else can offer.  No other company can offer what we do at such an affordable price. Trust us with your property for complete peace of mind. Give us a call today to find out more about how we can help with your properties and increase your return on investment.

Fort Worth Property Management: The Seven Specialized Guarantees

When people ask us what makes Specialized Property Management Fort Worth special, we always tell them it’s the seven specialized guarantees. We promise our clients more peace of mind than anyone else can offer through our specialized services. Hiring a property manager can help you avoid costly errors, especially if you’re just starting out with your rental property. 

“For a property investor who is just starting out, hiring the wrong repairman or taking too long to fill a vacancy can quickly eat into your potential income. Mistakes such as being accused of discrimination because you did not understand the Fair Housing laws, or of being a slum lord for not getting the heat fixed in time, can lead to the demise of your investment. It is also important to note that hiring a bad property manager can also destroy your investment. This is why it is so important to do your research and thoroughly screen a property manager if you decide hiring one is right for you.” – thebalancesmb.com

80% of property owners manage their property themselves and end up making simple mistakes, feeling frustrated, and wishing they had someone else to do the hard work for them. That’s where we can help. Our services and guarantees take all the stress out of owning a property. Not only do we handle the everyday hassle and maintenance of owning a property, we also take care of official business and paperwork with exactness, meaning you don’t have to be stressed or worry about making mistakes. The seven specialized guarantees of Fort Worth Property Management back our services and give you peace of mind.

1. 10-Month Quality Tenant Guarantee

We know how important low turnover and a consistent income are to you. We take the responsibility of vetting tenants by performing rigorous background checks to ensure that your property is being occupied by responsible people who can pay the rent. We also enforce collection of rent and take care of the rent payment process for you. Specialized Property Management Fort Worth’s 10-month quality tenant guarantee is that the tenants we place will live at your property for a minimum of ten months. If a tenant we placed breaks their lease and doesn’t comply with the lease terms, we will cover the cost. Previous tenants, tenants placed by the owner or another property manager, tenants in the military that are required to move due to orders or transfer, or tenants who abide by the terms of their lease in breaking the lease by paying all required fees are not covered by this guarantee. 

2. Eviction Protection Guarantee

Though we work hard to make sure that tenants are reliable, pay their rent, and stay in your property for a long time, we have prepared for the unexpected at Fort Worth Property Management. Our eviction protection guarantee will pay for the cost of an eviction for the first 10 months of the management agreement. You can opt-in for the Eviction Protection Plan by paying only $14 per month starting in the 11th month. This will cover the costs of the eviction plus the costs of a Writ of Possession. This protection plan saves you from having to pay thousands of dollars. Evictions can be expensive, require extensive time and legal expertise, and be a huge stress on you. Our clients have the Eviction Protection Plan as a worry-free alternative if an eviction does become necessary. 

3. Price Match Guarantee

At Specialized Property Management Fort Worth, we know there are other property management options out there. Our excellent customer service and these seven guarantees are what set us apart. If you find a competitor that offers equivalent property management services to what we do, we will happily match that competitor’s price. You won’t have to worry about sacrificing incredible customer service and proven processes just to save money by going with a different property management company. All you have to do is present the competitor’s proposal to us before signing the management agreement and we will adjust pricing to match it. This is valid on new contracts only and is not retroactive. This way, you get the price that is right for you, along with all the benefits of our services and guarantees.

4. Legal and Accounting Compliance Guarantee

The last thing you need is for your property manager to try to cut corners and leave you with a violation that can cost much more than the management itself. Our Fort Worth Property Management guarantee protects you from managers who are either ignorant, neglectful, or unethical in the way they do business and end up violating trust accounting, fair housing, property code, landlord/tenant regulations, or complex accounting compliance procedures. If your property manager doesn’t know or care enough to be meticulous about what they are doing, it puts you at risk both financially and legally. Our firm guarantee promises that 1) your property will comply will all laws; municipal, state, and federal, 2) all criteria required by the State Department of Real Estate and CPA GAAP regulations will be correctly met by your financials, and 3) your records will be organized properly if you are audited. These guarantees will not only provide you with immense peace of mind, they will also keep you organized and your financial matters safe. 

5. Customer for Life Price Guarantee

Some property management companies will raise their fee every time a lease is renewed. At Specialized Property Management Fort Worth, our clients won’t have to deal with that for the first three years. When you sign your service agreement, the fee that is set in that meeting is locked in for three years. This way you can manage your money wisely, know what to expect, and not have to worry about increased fees. If you hire us for any additional rental properties you acquire over the three years, your fee will be the same as the initial fee for those properties as well, even if our fee policies have changed for new clients. This guarantee takes the pressure off and lets us prove to you that our services are worth your investment. Read this article from Part-Time Money for more information about if a property management company is really worth the fees. 

“Of course only you can truly answer if a property manager is worth their fee. You will have to consider your profit margin. Is the rent you are able to charge your tenants barely covering your mortgage, insurance, private mortgage insurance (PMI), taxes, homeowners association fees, maintenance, and the host of other costs of owning residential rental real estate? Like most things in personal finance, the answer is that it depends. What do you want to do with your property? How involved do you want to be–or can you be? For many landlords, it makes sense to hire someone who can manage your property for you. But often it is simply a profit calculation you have to make and live with.”

6. Money-Back Guarantee

We know that just like any relationship, your relationship with us may change. We don’t want any of our clients to feel stuck if they are unhappy. That’s why Fort Worth Property Management guarantees a refund of your first two months’ management fees if you’re not happy with our services in the first 60 days. If you have a sudden change of plans for some reason and no longer need property management, we completely understand. We guarantee a smooth, easy transition without stress, drama, or cancellation fees. As long as your notice is written and sent to us 90 days before you want to cancel and all your vendor invoices are paid in full, we can ensure that both you and your tenant have a satisfying transition and that you meet all your legal and financial obligations. 

7. 100% Customer Satisfaction

Our clients at Specialized Property Management Fort Worth are the number one priority. You can enjoy our unsurpassed service and efforts to make sure that you are 100% satisfied when you trust your property management with us. We do everything we can to exceed your expectations, or accept responsibility and make it right. Our level of service goes far above the industry standard while keeping fees affordable for you. The combination of our committed customer service, superior experience, highly qualified team, and proven processes, offers you the ability to save money long-term and complete experience peace of mind. 

“We would like to thank you for all the years that you have stood behind us…It has been a pleasure renting from you and having you as our property management company.” – Ricky L., Owner

The seven specialized guarantees are why many of our clients know they can trust us and have no regrets about working with us. Because we have earned the trust of our clients, we can better serve them and form positive, lasting relationships with them. The reason that our Fort Worth Property Management team and our company in general has received the highest online ratings and customer levels in our industry is that our seven specialized guarantees make life easier for both old and new clients alike. Stop trying to do everything yourself and start minimizing your daily stress. Call today to find out how you can gain greater peace of mind by trusting us to manage your property.

Communicating with Your Fort Worth Property Manager: What to Know

You have decided to entrust the management of your rental property to a professional property manager. Congratulations. Smart investors know that this is the best way to earn more on your investment and have a more profitable and successful experience. Read more

DIY vs. Professional Property Management in Fort Worth

The temptation to manage your own investment property is understandable. You probably think you can save money by not paying a management fee every month. Maybe you like to do home improvement projects, and you think you’ll have no problem keeping up with the maintenance and repairs that your property needs.

DIY property management can work for some Fort Worth rental property owners. If you have a lot of time to dedicate to finding tenants, screening applications, managing resident requests, and keeping your home maintained, you might be able to do it successfully. If you’re able to stay up to date on all the laws pertaining to landlord and tenant relationships and behavior, you probably won’t have to worry about lawsuits or complaints. And, if you follow the rental market closely and you understand the local rental rates and tenant pool, you won’t have to worry about losing money on low rents and high vacancy rates as a DIY landlord.

Read more

How Full-Service Leasing Management Works

What exactly does a full-service leasing management company do for you? Below you can explore what Specialized Property Management Fort Worth does during the rental cycle to reduce vacancy days and save you money.

Inspecting

Your property manager will inspect the property ensuring it is “rent-ready” before potential tenants see it. This is the first step we take to make your property stands out from the competition. We will make recommendations for any property maintenance or upgrades that will reduce vacancy days and increase cash flow. A mid-lease inspection is also performed to ensure lease compliance and property upkeep. See our blog on inspections to learn more.

Marketing

Our leasing management team will post signage in your yard, advertise on dozens of websites, and create video walkthroughs for our youtube channel. Aggressive online marketing is important as people spend more and more time searching for rental homes online. The more exposure your property gets, the more likely it is to rent quickly. Visit our youtube channel to see examples of video walkthroughs.

Showings

Along with high-quality video walkthroughs our property managers arrange live showings for potential tenants. These showings can make a huge difference for applicants on the fence about which property they want to rent. Our property managers show off the best your property has to offer while demonstrating the professionalism tenants should expect from a property manager.

Screening

One of the most important steps in the rental cycle is screening your applicants because it will protect you against evictions. Your tenant must have solid employment and a clean criminal and rental history. Finding a reliable tenant will reduce turnover, maintenance costs, and evictions. A well-qualified tenant is worth waiting for, so don’t settle for anything less. For more information on our tenant screening process read here.

Signing

Lease signing involves much more than the physical signing of papers. For property owners or managers, it means preparing and executing the leasing documents in accordance with the leases and addenda promulgated by the Texas Association of Realtors. Our professional leasing management team will prepare these documents promptly so your new tenants can move in quickly. We will also provide your new tenant with formal training on how to take care of the property, what their responsibilities are, and who to call in case of emergency.

Collecting

Your tenant’s lease will clearly communicate our rent collection process, so there is no confusion. Our process helps avoid late payments, and we offer an online portal to give tenants an easy and quick way to pay. We deposit rent funds into your account electronically for prompt payment. To learn more about rent collection and other financial services we offer, read this post.

Maintaining

Periodic preventative maintenance is a must for any rental home to ensure your tenants are happy and your home is well cared for. When your property’s systems are maintained properly, they will perform well in the years to come. Our team is also available 24/7 for any maintenance emergencies. Repair requests are always handled in a timely manner by qualified, licensed professionals. For more information on maintaining your rental home read this post.

Renewing

Tenant turnover is costly, even if vacancy days are kept to a minimum. Re-keying the property, deep cleaning, shampooing carpets, inspections, and marketing are all necessary expenses incurred by tenants. Our team works hard to renew each tenant’s lease by being proactive and professional in our efforts. Our excellent customer service and tenant perks reduce turnover and keep your tenants happy.

Moving

Of course, tenants do move on, and when that happens, we are here to make sure the process runs smoothly. Our team processes notices and answers any questions the tenant may have about the transition. After move out, we walk through the unit to inspect the property, taking note of any work that needs to be done, and managing deposit disbursements.

Reporting

Most real estate management companies will give their clients occasional maintenance reports and year-end tax statements. Our team goes beyond that with detailed accounting, activity reports, maintenance reports, and statements available 24/7 through our online owner portal. During the leasing process, we also provide weekly updates to owners. Our team goes the extra mile to make sure you are informed every step of the way.

Professional Leasing Management in Fort Worth

Hiring a professional property management company can save you money and stress. When you’re researching real estate management companies, keep in mind Specialized Property Management Fort Worth provides the following benefits:

  • Reduce vacancy days through proper inspecting, marketing, and showings.
  • Place and keep reliable tenants in your home by screening, signing, moving, and renewing.
  • Take care of the day-to-day details of collecting and maintaining.
  • Give property owners peace of mind with excellent reporting and our 24/7 online portal.

To schedule your free rental consultation call Specialized Property Management Fort Worth today.

Quality Tenants Make Arlington Property Management Easier

For easier, hassle-free property management, Arlington, TX, landlords need quality tenants. When your tenants are happy, you can relax. But how do you know the tenants moving into your rental home will keep your home looking nice and pay the rent on time? Below are some ways to ensure you attract and select the right tenants for your rental property.

Finding a Rental Home

Location, location, location! That is what real estate is all about right? Even more so with rental real estate. If you are in the market to buy a rental property, make sure you pick one in a nice, well-established, desirable neighborhood. The right neighborhood will bring in the right type of tenant.

Spruce Up Your Property

Curb appeal is important! When your home looks nice, it will attract better applicants. Before putting your home on the rental market, clean up the landscaping, get rid of trash or debris, and fix things like broken fence boards. Your Arlington property management may suggest vendors to help with projects like this.

Make Your Home Rent-Ready

For a more desirable home and easier property management, Arlington, TX, landlords should get their home rent-ready before showing it. If possible, wait to show your home until your old tenants have moved out and you have a chance to touch up. Replace any broken fixtures, get the carpets professionally cleaned, replace filters, spruce up landscaping, rekey the doors, and touch up paint. This will give potential tenants the best possible picture of your home when they visit.

Screen Every Applicant

Any good Arlington property management company can tell you screening applicants is a must. You need to make sure your tenant has a stable job and income so they can pay rent on time each month. A background check and credit check will also give you insight into how stable the tenant is.

The Property Management Arlington, TX, Landlords Trust

When you have trustworthy property managers taking care of your home, you can truly relax. The property managers at Specialized Property Management Fort Worth have years of experience that they will put to good use at your property. To learn more about how we can help you attract quality tenants call today!

What Does Ft. Worth Property Management Do?

If you’re new to the investment property business, you should consider hiring full-service property management. Ft. Worth landlords who hire property managers tend to get a better return on their investment than those who self-manage. But what exactly does a property management company bring to the table? A full-service company, like Specialized Fort Worth, takes care of everything in the rental cycle while lowering costs and minimizing risks. Let’s take a look at what that means for you.

The Rental Cycle

What is the rental cycle? The rental cycle is everything that happens from your tenants moving in until the end of their lease, then starts over again. A full-service Ft. Worth property management company will take care of everything during the cycle. Moving tenants in and out, inspections, marketing, showing, screening, lease signing, collections, compliance, maintenance, and renewals all fall under this umbrella. Don’t waste your money on a company that does not offer all of these services.

How Can Ft. Worth Property Management Save You Money?

Many first time landlords are unaware of the complexities that come with property management. Instead of riding the steep and expensive learning curve of property management, Ft. Worth landlords should hire knowledgeable and experienced property managers. Years of experience mean a property manager knows how to handle emergencies, avoid costly regulatory fines, steer clear of evictions, and run your property efficiently. Cutting costs without cutting corners will mean your property is more desirable to potential tenants while getting you the best return on your investment.

Property Management Ft. Worth Landlords Trust

Do your research before hiring a full-service property management company. Hire a company that has experience and processes in place to make your investment a success. Make sure you ask what services the company offers, and what you will need to take care of as the property owner. Don’t fall for the promises of a discount company who will often leave you with the bulk of the work, and vulnerable to costly mistakes. To learn more about hiring professional property managers, or to set up a free consultation, call Specialized Property Management today!